The Chairman of the Board sells shares due to over-lending of securities credit
Chairman of the Board Robert Wu through related companies Oboya Holding HK Ltd has previously held a securities credit with a credit institution. The securities loan that was issued was intended for subscription in a previous preferential mission. PEN Concept Group AB applied for corporate restructuring on March 23, 2020 and as a result of the corporate restructuring, the credit institution conducted forced sales of the Chairman of the Board's PEN shares to adjust the over-lending of securities credit. The transactions took place without Robert Wu's consent, but only after the